While purchasing a home and renting rooms is nice- you learn absolutely nothing about evaluating an investment opportunity; vetting a potential partner, understanding what it takes to do a successful flip......  

So, if the market decided to pass on my property while 10,000 leases got signed I know that either my listing was not nice enough or it was too expensive compared to my competition. 

I am not planning on quitting my day job anytime soon but rather my hope is to gradually grow the amount of income I am able to bring in over the next 5 years to be in a position to make Real Estate my full time gig. 

I will pass.( the LARGER the risk/ loan/cash/ time… the LARGER I require in likely return.)b) RENTAL …same INITIAL investment… at the end… property value ( ARV)..MUST be great enough to1) refi… 2) All cash out is back.. 3) Cash flows positive enough to build ( any situation) 6 month cash backup.4) Property MUST have enough equity so that if I needed to sell TODAY… I won’t lose cash.The above requirements “ appear” to be unrealistic ( todays market) … ONLY becausea) non mature / non savvy “ investors are climbing over each other to out bid on over priced “RETAIL” properties being marketed as “ wholesale deals”b) the Gurus and Real Estate Investor Associations are NOT doing their NUMBER ONE JOB… which SHOULD be…To..”

Long time BP member here and I figured it was time while I had a slow day to detail my story.Back in 2016 I was finishing up my Masters in Education at Texas A&M while dating a woman long distance and chose a high school teaching job in San Antonio for the better of that relationship.

My husband is leaving his old job so we’re looking to rollover his retirement.

Most of the advice I'm seeing online focuses on apartment buildings but I'm not attracted to raising rent as a strategy and managing tenants & toilets as a job.

My friend did this and it ended up working out really nice and you basically have a new house but it’s a “renovation” and they didn’t have to put solar and pay certain fees etc.ADU is also very popular right now and seems easy to get the permits, but if it were me I would think long term about the property value if I intended to sell at some point. 

It sounds a bit nice and glamorous at first but, when you start to dig a bit deeper, it makes no sense to me.

its incremental depending on your renters our area is more concred with leed 140 compliance in buildings so i dont buy anything older than 1985 without a budget to convert the property. currently we have 100% occupancy in a high income area so having these amenities is critial for new buildings without enough Power for in Garage Car charging people with jobs and new Teslas wont rent. https://www.globest.com/2021/0...